“Big Step For India”: PM Launches 22,000 Crores Plane Project In Gujarat
While laying the cornerstone for an aircraft manufacturing facility in Vadodara, Gujarat, Prime Minister Narendra Modi declared that it was a huge step for India towards being self-sufficient in the aviation industry.
“The aerospace and defence industries will serve as two crucial foundations in the next years as India strives to become a “Atmanirbhar.” Our defence manufacturing scale would reach $25 billion by 2025. Establishing defence corridors in Tamil Nadu and Uttar Pradesh would enable this scale “added he.
According to the PM, this is the first time such a sizable investment has been made in India’s defence and aerospace industries. He also mentioned that his administration has implemented numerous economic reforms over the years. The manufacturing sector has benefited greatly from these reforms and received a boost as a result, he continued.
“India currently has the fastest-growing aviation industry in the world. In terms of air traffic, we are about to rank among the top three countries in the world “said he.
India still maintains the economic momentum in the industrial sector, according to the Prime Minister, despite supply chain interruptions, the effects of Covid, and a war.
At the location of the C-295 transport aircraft production plant, Gujarat Chief Minister Bhupendra Patel and Tata Sons Chairman N Chandrasekaran honoured the Prime Minister.
According to PM Modi, the transport planes that will be produced in Vadodara will not only strengthen our armed forces but also create a new manufacturing environment. With more than 42.5 lakh man-hours of work in the aerospace and defence sector, the project is anticipated to create 600 highly skilled jobs directly, over 3,000 indirect jobs, and an additional 3,000 medium-skill employment prospects.
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